Section 832 — Finance Act 2008: Relevant foreign income charged on remittance basis

Relevant foreign income charged on remittance basis 832 1 This section applies to an individual's relevant foreign income for a tax year (“the relevant foreign income”) if section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year.

2 For any tax year in which—

a the individual is UK resident, and b any of the relevant foreign income is remitted to the United Kingdom, income tax is charged on the full amount of the relevant foreign income so remitted in that year.

3 Subsection (2) applies whether or not the source of the income exists when the income is remitted.

4 See Chapter A1 of Part 14 of ITA 2007 for the meaning of “remitted to the United Kingdom” etc.